Occupational pension coverage in the European Union. An empirical analysis

In this paper we use European Community Household Panel (ECHP) data to analyze the determinants of occupational pension coverage outcomes in Denmark, Ireland, the Netherlands, Spain and the United Kingdom. Pension coverage is modelled as a binary outcome explained by a vecor of personal, job and firm specific characteristics. The potential endogeneity of current wage earnings, included in this vecor, is ultimately faced within a simulteneous equation framework for limited dependent variables originally proposed by Nelson and Olson (1978). The evidence provided answers to a well recognised demand of pension coverage empirical information for policy purposes, both at national and at European Union (EU) level.